4Hoteliers
SEARCH
SHARE THIS PAGE
NEWSLETTERS
CONTACT US
SUBMIT CONTENT
ADVERTISING
Accor sells Italian food business.
Wednesday, 1st August 2007
Source : Accor
As part of the disposal of its non strategic assets and as presented during its 2006 yearly results, Accor announces the sale of its Italian food services business - to Barclay's Private Equity for 135 million euros.

In 2006, this business contributed 312.3 million euros to Accor's consolidated revenue.

The disposal of the non-strategic Italian food services assets is part of the strategy of refocusing on Accor's two core businesses, Services and Hotels. In line with the commitment to optimizing the Group's financial structure, proceeds from the sale will be returned to shareholders.

Accor, the European leader in hotels and tourism, and a global leader in corporate services, operates in nearly 100 countries with 166,000 employees. It offers to its individual and corporate clients 40 years of expertise in its two core businesses:

Hotels, with the Sofitel, Novotel, Mercure, Suitehotel, Ibis, All Seasons, Etap Hotel, Formule 1 and Motel 6 brands: around 3.800 hotels and 450,000 rooms in 90 countries, as well as strategically related activities, such as Lenotre;


Services to corporate clients and public institutions: 23 million people in 35 countries benefit from Accor Services products (human resources, marketing services, expense management).

 Latest News  (Click title to read article)




 Latest Articles  (Click title to read)




 Most Read Articles  (Click title to read)




~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
© Copyright 4Hoteliers 2001-2024 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here
Use of this web site is subject to our
terms & conditions of service and privacy policy